(CBS News) Just hours after the Obama campaign unveiled an upbeat new ad slated to run in tonight's Olympics opening ceremonies, the Republican National Committee (RNC) announced its own ad to run during the festivities.
The 30-second spot, entitled "Again," eschews the Obama campaign's inspirational tone, instead hammering the president for economic policies the RNC argues led to further unemployment and little else.
"While Americans waited for help, billions were spent in foreign countries, millions went to political insiders. Millions more unaccounted for," says the ad's narrator, as somber images of Americans flash across the screen. "Now your money is gone, and so are nearly 500,000 jobs. His second economic plan? Do it again."
According to the RNC, the ad will air on national cable in eight battleground states - North Carolina, Ohio, Wisconsin, Colorado, Iowa, New Hampshire, Nevada and Virginia - during the Olympics.
"President Obama may think his economic plan worked but looking at today's GDP numbers it's clear the president is out of touch," said RNC Chairman Reince Priebus in a statement announcing the ad's release. "Obama's stimulus plan sent money to his political insiders, went to foreign countries, or wasn't accounted for. It did everything except do what President Obama promised it would: create jobs for the American people. In a second term, President Obama wants to do it all again. Middle class families can't afford that."
The Obama ad paints a much different picture: The ad, entitled "Believe," reiterates the administration's commitment to middle-class Americans and the concept that the economy is grown "from the middle out."